Posts Tagged ‘underwater homes’

Mortgage Forgiveness Debt Relief Act Extended Again… and Again… and Again

Mortgage Forgiveness Debt Relief Act Extended Again… and Again... and Again

President Obama extended the Mortgage Forgiveness Debt Relief Act through December 31, 2016. The extension is retroactive and covers mortgage debt cancelled in 2015. ... (Continue reading)

As Goes Californias Housing Market, So Will Go the Nation’s.

Home sales volume and home prices in Southern California are falling… precipitously. As in… both volume and prices are going down. There are two things I would add to this fact: 1. It’s not just happening here. 2. It... (Continue reading)

What is Strategic Default? A Moral Dilemma?

What is Strategic Default? A Moral Dilemma?

What is a strategic default? These days, it occurs to me, there would be even less morality involved in the decision to walk away from a mortgage. I can’t believe anyone actually feels morally obligated to a bank today.... (Continue reading)

Fox Business Reports: Leaked Document Shows Obama Considering Changes to HAMP Loan Modification Program

Fox Business Reports: Leaked Document Shows Obama Considering Changes to HAMP Loan Modification Program

Clearly, these proposed rules are being considered, assuming that they are in fact being considered, in response to our nation's lenders' and mortgage servicers' flagrant and total disrespect and disregard for the federal government's Making Home Affordable Program... (Continue reading)


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